Future President Kanye West Has Some Thoughtful Words About The Absurd Price Of Textbooks

So spot on.

Kanye West recently took to Twitter to express his concerns regarding textbook prices.

While he doesn't give an exact price of how much his friend has to spend on textbooks per year, the rising price of textbooks in relation to household income has been a heated topic.

As ATTN pointed out from NBC's review of a Bureau of Labor Statistics study, "textbook prices have risen over three times the rate of inflation from January 1977 to June 2015, a 1,041 percent increase."

As per NBC, Nicole Allen from the Scholarly Publishing and Academic Resources Coalition said this is problematic because students are "captive consumers" who have to buy the books they are assigned to read. 

In other words, they don't have a choice when it comes to buying a textbook or its price. You must get the textbook or risk failing the class.

Ye' echoed this sentiment, noting it then puts students into debt before they even get a job or have income.

While there are other options such as renting books or buying used books, rising prices is still problematic for parents wishing to send their students to a good school.

According to CNN Money, the annual income for an American household was "$53,657 in 2014."

However, according to CollegeDate.com, "the College Board reports that a 'moderate' college budget for an in-state public college for the 2015–2016 academic year averaged $24,061."

If a student was to attend private school, that average rises to "$47,831."

While this amount does include more than purchasing textbooks, it shows that there is a huge monetary issue for the average American mom and dad to send their student to school.

So while lowering the price of textbooks is certainly a great start, there is the pressing matter of being able to afford college, period.

Parents and students can take out loans, but that also poses a problem when it is time to pay back the money.

Recently, according to Fox 26 Houston, armed U.S. Marshals showed up to a man's house to arrest him for a 29-year-old debt worth "$1,500."

Those U.S. Marshals still "have to serve anywhere from 1,200 to 1,500 warrants."

As Forbes pointed out, "two-thirds of students graduating from American colleges and universities are graduating with some level of debt."  

That is because the "average borrower will graduate $26,600 in the red," which is just about half of what an established, already-working household earns in a year.

Once again, this poses a problem for a student to start paying for a loan out of college, as they "make up about 40 percent of the unemployed in the U.S.," as per Newsweek.com.

In a smaller age bracket, 13.8 percent of 18-29 year-olds are out of work as of May 2015, according to Newsweek.

So, textbook prices are certainly a part of the problem, but this argument begins to open the door to a much larger issue, which needs resolution.

Therefore, we can all thank Kanye for being as resolute as he is and at least starting the discussion into a wider portal we still must dive into.

He ended his remarks with the "#2020," which is a nod to his MTV VMAs speech, where he stated he plans on running for president.

We shall see what happens.

Cover image: Dimitrios Kambouris / Getty Images


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